| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | Mexico |
| Sector | Marketplace |
| Total raised | $2.1B |
| Collapse type | Mass Layoff Spiral |
| Founder | Carlos García |
Kavak
"Latin America's first used-car unicorn. $8.7B. Laid off 400. Argentina exit."
Cascading layoffs that accelerated the decline
Key Events Timeline
Kavak became Latin America's most valuable startup at $8.
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